Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.24.2.u1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense for the program incurred:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Inception-to-Date

 

 

 

2024

 

2023

 

 

2024

 

2023

 

As of June 30, 2024

 

Operations and technology optimization

 

$

6,451

 

$

6,271

 

 

$

10,886

 

$

7,705

 

$

36,881

 

Compensation and benefits

 

 

1,517

 

 

940

 

 

 

26,120

 

 

1,599

 

 

37,439

 

Asset impairment and other termination costs

 

 

 

 

9,928

 

 

 

 

 

10,514

 

 

11,057

 

Total

 

$

7,968

 

$

17,139

 

 

$

37,006

 

$

19,818

 

$

85,377

 

Summary of changes in the restructuring liability

The table below presents a summary of changes in the restructuring liability:

 

 

 

Operations and Technology Optimization

 

Compensation and Benefits

 

Total

 

Balance at December 31, 2023

 

$

5,886

 

$

1,080

 

$

6,966

 

Accrued costs

 

 

24,713

 

 

26,120

 

 

50,833

 

Payments

 

 

(20,811

)

 

(26,288

)

 

(47,099

)

Balance at June 30, 2024

 

$

9,788

 

$

912

 

$

10,700